Inflation Protection Correlations

Mutual Funds . USA . 
Fund . Inflation Protection Fund
PIPIX Fund  USD 7.80  0.01  0.13%   
The current 90-days correlation between Inflation Protection and Principal Lifetime 2050 is 0.12 (i.e., Average diversification). The correlation of Inflation Protection is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Inflation Protection Correlation With Market

Weak diversification

The correlation between Inflation Protection Fund and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inflation Protection Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Inflation Protection Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Inflation Mutual Fund

  0.65PFIJX Strategic Asset ManaPairCorr
  0.67PFIEX International EquityPairCorr
  0.68PFIFX Strategic Asset ManaPairCorr
  0.66PFISX International Small PanyPairCorr
  0.68PFIPX Strategic Asset ManaPairCorr
  0.92PFRSX Real Estate SecuritiesPairCorr
  0.65SAUPX Strategic Asset ManaPairCorr
  0.7PFUMX Finisterre UnconstrainedPairCorr
  0.83PGDRX Diversified Real AssetPairCorr
  0.78STCCX Short Term IncomePairCorr
  0.92PGRUX Global Real EstatePairCorr
  0.9PGSLX Principal Global SusPairCorr
  0.92PGRKX Global Real EstatePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Inflation Mutual Fund performing well and Inflation Protection Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Inflation Protection's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SABPX  0.51  0.24  0.25 (20.85) 0.00 
(0.67)
 0.82 
(0.65)
 11.40 
SACAX  0.71  0.32  0.28 (6.20) 0.00 
(0.86)
 1.11 
(1.09)
 14.71 
SAGPX  0.67  0.32  0.33 (13.55) 0.00 
(0.86)
 1.02 
(0.90)
 15.67 
PFIJX  0.17  0.06 (0.22) 23.15  0.00 
(0.23)
 0.48 
(0.24)
 1.76 
PFIEX  0.57  0.18  0.22  0.39  0.00 
(0.71)
 1.70 
(0.92)
 3.39 
PFIFX  0.18  0.04 (0.21) 0.30  0.00 
(0.24)
 0.48 
(0.24)
 1.67 
PFISX  0.56  0.16  0.15  0.39  0.40 
(0.69)
 1.41 
(0.88)
 3.86 
PFIPX  0.17  0.04 (0.21) 0.31  0.00 
(0.25)
 0.41 
(0.31)
 1.59 
SAIPX  0.33  0.00  0.11  0.00  0.00 
(0.42)
 0.59 
(0.42)
 6.99 
PFLJX  0.65  0.17  0.21  0.35  0.22 
(0.86)
 1.15 
(1.07)
 11.37 

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